In a recent tweet, one of the great commodity trading veteran, Peter Brandt predicted that, BTC will be heading to $50,000 in the long run. As per Brandt’s predictions The Bitcoin price will first bottom out at $5,500 and then will take its next trip to the moon.
When such crypto veterans are making high predictions, how can we forget the great prediction from the McAfee antivirus founder John McAfee. No matter how Bitcoin performs, McAfee sticks to his $1mil BTC price by the end of 2020. He is also in support of Peter Brandt in his prediction of Bitcoin price reaching $50,000.
Although Bitcoin is quite unpredictable, Peter Brandt has made right predictions in the past. He particularly predicted that the Bitcoin price would head south after reaching its current all-time high in December 2017. Later he predicted in April that Bitcoin entered its next parabolic phase before the coin went from $5,000 to $14,000 within just a few months. Eventually, Peter’s predictions have been quite similar to Bitcoin’s performance.